The cash transfer program provided more than $ 260 million to needy households


A public program to mitigate the economic impacts of COVID-19 has distributed more than $ 260 million to needy households, Secretary of State for the Ministry of Economy and Finance Vongsey Vissoth said on Wednesday.

Speaking at the opening of the spring meetings of the World Bank and the International Monetary Fund (IMF) in Washington, he said design for the new money transfer program began in April of last year. .

He said the first challenge was to identify poor and vulnerable people, with help from the Ministry of Planning. The second was to develop an electronic delivery system for the program, he said.

After the program launched in June, the secretary of state said provincial and district authorities had helped iron out the problems.

“We always complain about who is supposed to have it and who is not supposed to have it,” he said.

“We have managed to do it, I think, so far effectively in terms of money transfers,” he added. “So far we have spent over $ 260 million.

Vissoth was speaking at a virtual event on the green, resilient and inclusive aspects of post-COVID economic recovery.

The IMF acknowledged Cambodia’s new cash payment system in a report released last month.

“Cambodia, starting with very little social protection in general, used a system designed to identify people living in poverty to provide cash transfers,” the report says. São Da

  • Key words: COVID-19 in Cambodia, IMF

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